Comment by WalterBright
6 days ago
See the graph "G7 Real GDP % change compared to pre-Pandemic level":
https://commonslibrary.parliament.uk/research-briefings/sn02...
The US has 13.3% growth and Germany 0.1%.
6 days ago
See the graph "G7 Real GDP % change compared to pre-Pandemic level":
https://commonslibrary.parliament.uk/research-briefings/sn02...
The US has 13.3% growth and Germany 0.1%.
Two points:
1) GDP is, while very important, not the only measure of country's prosperity
And
2) how much of those 13.3% is being hoarded by a single-digit amount of companies?
> hoarded
Productive companies do not hoard wealth. They invest it. GDP is not a measure of wealth, it is a measure of production.
Softbank -> OpenAI -> Oracle -> Nvidia -> Intel -> Microsoft.
Over 1 trillion dollar invested in total. Where is the production?
2 replies →
> They invest it.
Where? Where is the growth in other sectors then?
Because of AI and it's indirect effects, such as electricity demand.
> The US has 13.3% growth
Without the incestous web of the AI bubble, the US would actually be in a recession, especially due to the tariffs.
Yes, if you overlook the productive companies, the economy is unproductive.